Description of the business for sale
The company engages in the distribution and installation of fuel dispensing and storage equipment, lubrication pumps and lines, POS systems, fuel management and electronic leak detection systems. The company is a strong player in the tank removal/replacement sector and it has strong capabilities in environmental cleanup, tower installations, infiltration galleries, equipment slabs and equipment installation. The company is an authorized distributor for all major component manufacturers of a modern fueling system. The company predominately serves the major oil companies, jobbers, independent service station and convenient storeowners, sugar mills, local, state and government agencies, corporate clients and property owners and all types of industrial and environmental projects. The company serves clients from Dade County to Brevard County and west extending around Lake Okeechobee. The company has been in business since the mid 70s and it earned a strong and loyal client base. New and repeat business contributed to the company s tremendous growth, which is expected to continue based on the first quarter of 2007 and the very healthy order logbook currently valued at more than $4 million, and growing.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Possibly to a qualified buyer
•Inventory: $500,000
•FF&E: $770,000
•Real Estate$2,500,000
REASONS FOR SELLING: Other interests
Support / Training provided by seller
30 days.
Key Personnel & Human Resources: The Company is a Florida State licensed Pollutant Storage contractor. One of the owners is the Qualifier and the buyer will have to be eligible to act as a Qualifier or hire a certified person. The company employs 32 full-time employees directed by the sellers who are actively involved in the daily operations. The company s key personnel will stay after the change in ownership to secure a smooth transition and continuation of the company s growth, success and profitability.
Description of the facilities
1 acre zoned Industrial with warehouse/multi office structure (13,683 total square footage). Property is fenced with 14,246 sq ft of paved asphalt.
GROWTH: Having existing stable relationships with gas companies, jobbers and station owners, a technical edge and a wide range of products, the company has distinct advantage relative to its competition, and is well-positioned for market share gains and increased profits in the medium term.
COMPETITION: Based on current growth trends, potential and prospect, the company is on the cusp of a multi-year period of high growth and corresponding margin expansion. In the near term, this will be driven by the mandatory tank replacement program, augmented by dispensing equipment upgrades, environmental clean-up and on-going new stations contracts.